New Street Research - True Corp. Public Co. Ltd. (TRUE) TRUE (Buy, TP: THB18, +70%) TRUE Corp – Ongoing long distance domestic call dispute with NT

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New Street Research

Chris Hoare

EUR 9608.00 For Business Accounts Only

TRUE (Buy, TP: THB18, +70%) TRUE Corp – Ongoing long distance domestic call dispute with NT

Shares of TRUE were subdued during these two days after the Supreme Court had dismissed TRUE’s appeal against the Central Administrative Court’s decision to enforce payment related to long-distance domestic call to National Telecom. Our brief thoughts below.

19/12/2024 1 EN

Underlying

True Corp. Public Co. Ltd.

True Corporation Public Company Limited is a Thailand-based integrated communication solution provider. The Company and its subsidiaries categorize the business into three segments: online segment, which is the provision and installation of fixed line services including public telephones and related value-added services, data services, multimedia services, broadband services and Internet services; wireless segment, which is the provision of cellular telephone services, resale of 3G services using high-speed packet access (HSPA) technologies, network equipment rental, mobile services and sales of handsets and accessories, and pay television (Pay-TV) segment, which is the provision of pay television services both via cables and satellite platforms, rental and trading of related equipment and other related services to the pay television business, advertising sale and agency.

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TH0375010Z06 Stock Exchange of Thailand Thailand

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
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Analysts

Chris Hoare

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TRUE (Buy, TP: THB18, +70%) TRUE Corp – Ongoing long distance domestic call dispute with NT

Regional Morning Meeting Notes: Tuesday, December 03, 2024

Thai Telcos Q3 24 review: Likely to beat full year guidance as market repairs

OpenAI: o3 is a game changer - a few steps away from AG. After the $1bn-to-train model, the $1m-inference model.

Airtel Africa (Buy, TP: GBp200, +85%) Second share buyback program

Takeaways from our conversation with VerticalScope (FORA-TO, Not rated)

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